[Federal Register Volume 65, Number 2 (Tuesday, January 4, 2000)]
[Notices]
[Pages 310-311]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-73]


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SECURITIES AND EXCHANGE COMMISSION


Request for Public Comment

    Upon Written Request, Copies Available From: Securities and 
Exchange Commission, Office of Filings and Information Services, 
Washington, DC 20549.

    Extension:

Rule 15g,-4, SEC File No. 270-347, OMB Control No. 3235-0393
Rule 15g-5, SEC File No. 270-348, OMB Control No. 3235-0394
Rule 17a-8, SEC File No. 270-53, OMB Control No. 3235-0092
Rule 17Ac2-1 and Form TA-1, SEC File No. 270-95, OMB Control No. 
3235-0084
Rule 19d-2, SEC File No. 270-204, OMB Control No. 3235-0205

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') is publishing the following summary of 
collections for public comment. The Commission plans to submit these 
existing collections of information of the Office of Management and 
Budget for extension and approval.
    Rule 15g-4 requires brokers and dealers effecting transactions in 
penny stocks for or with customers to disclose the amount of 
compensation received by the broker-dealer in connection with the 
transaction. It is estimated that approximately 270 respondents incur 
an average of 100 hours annually to comply with the rule.
    Rule 15g-5 requires brokers and dealers to disclose to customers 
the amount of compensation to be received by their sales agents in 
connection with penny stock transactions. It is estimated that 
approximately 270 respondents incur an average burden of 100 hours 
annually to comply with the rule.
    Rule 17a-8 requires brokers and dealers to make and keep certain 
reports and records concerning their currency and monetary instrument 
transactions. The requirements allow the Commission to ensure that 
brokers and dealers are in compliance with the Currency and Foreign 
Transactions Reporting Act of 1970 (``Bank Secrecy Act'') and with the 
Department of the Treasury regulations under that Act. The reports and 
records required under this rule initially are required under 
Department of the Treasury regulations. Additional burden hours and 
costs are not imposed by this rule.
    Rule 17Ac2-1 is used by transfer agents to register with the 
Commission, the Comptroller of the Currency, the Board of Governors of 
the Federal Reserve System, or the Federal Deposit Insurance 
Corporation, and to amend their registration. It is estimated that on 
an annual basis, the Commission will receive approximately 250 
applications for registration on Form TA-1 from transfer agents 
required to register as such with the Commission. Included in this 
figure are amendments made to Form TA-1 as required by Rule 17Ac2-1(c). 
Based upon past submissions, the staff estimates that the average 
number of hours necessary to comply with the requirements of Rule 
17Ac2-1 is one and one-half hours, with a total burden of 375 hours.
    Rule 19d-2 prescribes the form and content of applications to the 
Commission by persons desiring stays of final disciplinary sanctions 
and summary action of self-regulatory organizations (``SROs'') for 
which the Commission is the appropriate regulatory agency. It is 
estimated that approximately 30 respondents will utilize this 
application procedure annually, with a total burden of 90 hours, based 
upon past submissions. The staff estimates that the average number of 
hours necessary to comply

[[Page 311]]

with the requirements of Rule 19d-2 is 3 hours.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information shall 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the proposed collection of information; (c) ways to 
enhance the quality, utility, and clarity of the information to be 
collected; and (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology. 
Consideration will be given to comments and suggestions submitted in 
writing within 60 days of this publication.
    Direct written comments to Michael E. Bartell, Associate Executive 
Director, Office of Information Technology, Securities and Exchange 
Commission, 450 5th Street, N.W., Washington, DC 20549.

    Dated: December 21, 1999.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 00-73 Filed 1-3-00; 8:45 am]
BILLING CODE 8010-01-M